Photo-me Share Discussion Threads

[nfs] 23/1/2017 12:38

Nice RNS- quality

[spob] 23/1/2017 12:32

People were used to horse and carts once

[shanksaj] 23/1/2017 12:23

spob,

People are used to a photobooth. It works, its reliable. Some countries, such as France, are going down a different route to the UK, and are requiring security developments on their passport photos. I think most countries will follow the French lead, not the UK's.

[alphabeta4] 23/1/2017 12:22

prokartace23 Jan '17 - 10:40 - 7095 of 7110 2 0
Alphabet, like your calculations but as pre-tax profit is almost directly affected by the drop in revenues, lets assume £30 mil drop in revenue that would me mean profit would drop from £62mil down to £32mil until overheads reduce and also what happens to the booths which are now worthless assets to the company. I would need to see nearer £1.20 share price before I ventured in

Hi prokartace23
I respect your take on it but your calculations would require the UK and Ireland operation to run at an ongoing loss, IMO it's cleaner to use the current profit percentage figures for the UK and Ireland and then assume as a worst case if the photobooth bit part made a loss then they would close that division and redeploy the machines elsewhere i.e. at worst the UK & ROI profits would largely disappear. I didn't have this to hand but someone has said this is 20% of group profit, I'd been working on the revenue figure of 24.88% so this would further reduce my potential loss figures in post 7091.

[ny boy] 23/1/2017 12:09

The whole story is typical daily mail nonsense, the share price will soon recover over time, just a buying opportunity if you are not a short term trader.

[spob] 23/1/2017 12:08

Err ... pick up phone or drive to photo booth and throw away 6 quid ?

It's not rocket science is it

[greenrichard] 23/1/2017 12:05

shauney223 Jan '17 - 10:02 - 7069 of 7110 1 0

Did Jessops not go bust?

The brand was acquired by Peter Jones in 2013 and now back to 52 stores plus a deal with Sainsburys to open more in the larger supermarkets.

[shanksaj] 23/1/2017 11:58

spob

Maybe, or maybe not.

Saving every ten years: £50? I guess: yes, Photo-Me has a problem. £25? Hmm, yes, Photo-Me still has a problem. £15? Hmmmm, yes, a bit of a problem. £10? Oh, well, not really a major problem, but OK profits might take a bit of a knock.

£6? - Every ten years? No, sorry, I can't see this being a matter for concern. People just won't bother.

[ratel274] 23/1/2017 11:47

Here is something to lighten the gloom. This morning the Times is reporting that photo booths are amongst the big winners in the radical reform of business rates. If however you are invested in catteries, stud farms and vineyards it's a different story!

[ny boy] 23/1/2017 11:44

Passport renewals for adults every 10 yrs (unless other reasons)

[spob] 23/1/2017 11:41

Guess what - people have mobile phones in other countries too

So only a matter of time before other countries wake up

[shanksaj] 23/1/2017 11:34

This is not NEW news. It ONLY applies to the UK.

The UK and Ireland combined make up 20% of Photo-Me profits (24% revenue) in total.

It ONLY applies to people renewing a passport over a certain age.

Not ALL use of Photo-Me booths has to do with passports.

And what percentage of them are going to be bothered to change their habit for the sake of a few quid? If we were all renewing passports regularly it would make a difference: but we are not. A passport renewal happens every few years. 5 or 6 quid cost every 5 or 6 years??? Get real. A 5 minute phone call to your broadband provider saying you can get it cheaper elsewhere would save most people about 100 to 150 quid, but people don't bother... so let's get real about this. Same on home insurance.

I doubt it will be above 25% of UK passports renewals, but let us guess it might be as much as 50% of them. That still amounts to much less than a 10% hit on Photo-Me profits.

Sorry, Alphabeta4, didn't see your better post.

[toyin] 23/1/2017 11:32

Some people missing the point here. Phtm isn't just about the UK and photo booths are not just about passport photos. Good write up in SCSW this month, well worth a read.

All the best

[spob] 23/1/2017 11:26

See post 15 from last Thursday Lol

[b1ggles] 23/1/2017 11:17

I've been taking my own passport photos for 20 years (and friends and family, too). But that's with a proper camera, not a selfie-stick, and a decent inkjet.

[spob] 23/1/2017 11:14

Well I raised this issue on the other thread last week

Funny how it takes a scribbler in the daily mirror for people to wake up and take notice

Some people can't think for themselves unless it is spelled out for them in a newspaper

[frankwhite] 23/1/2017 11:08

It makes sense to move with the technology, everyone has the capability to capture images in digital format as good as these booths can. There will still be rules in place and any photos that look 'dodgy' will be rejected automatically. Never invested here I see limited upside from these sort of companies as technology has advanced so much that the wider public has access to it and is comfortable using it.

[smith99] 23/1/2017 11:02

Looks like the mms are freeing up stock by catching out the spreadbetters

[philanderer] 23/1/2017 10:50

Trailing stop loss hit this morning.

Luck to all holders.

[ny boy] 23/1/2017 10:49

CEO knows more than we do, that's for sure.

Pro..he's probably adding right now 😝😯🤔

[prokartace] 23/1/2017 10:44

If the CEO isnt stupid or knew everything he would have bought AFTER this news broke, not before

[prokartace] 23/1/2017 10:40

Alphabet, like your calculations but as pre-tax profit is almost directly affected by the drop in revenues, lets assume £30 mil drop in revenue that would me mean profit would drop from £62mil down to £32mil until overheads reduce and also what happens to the booths which are now worthless assets to the company. I would need to see nearer £1.20 share price before I ventured in

[tattooed93] 23/1/2017 10:38

Jst hope it aint a profit warning

[ny boy] 23/1/2017 10:34

The CEO I see has been a shrewd buying of shares, wouldn't surprise me if they are about to launch a killer new product & corner the market.

Watch for the wording in the next rns which I'm sure will be out promptly

[grants1961] 23/1/2017 10:32

come on people - the security of our lovely nation is being tightened. How easy is it to have a digital photo doctored by those that can compared to a tangable hard copy sent which can be inspected and I still believe, when applying for a passport endorsed by a 'professional'

IMO this is a buy, wait till the teacup storm blows over. Bank your profits. The hardest part will be knowing where the bottom is but hopefully we've seen it already!